Which Statement Provides the Best Example of Satisficing Behaviour

question 22

Multiple Choice

Which statement provides the best example of satisficing behaviour

• A)You know that if you study long enough you can get a perfect score on your economics exam, but you decide that your time is more valuable studying for your math test.
• B)You spend an hour looking over the lettuce at the grocery store in order to make sure you get the best head of lettuce.
• C)You only spend a few minutes cleaning your car because that's all it takes to get it clean enough.
• D)You plan every minute of your day in order to get the most out of life.

---

Definitions:

Licensing Agreements

Contracts in which one party (the licensor) permits another party (the licensee) to use rights to intellectual property, technology, or product lines.

Intellectual Property

Legal rights that result from intellectual activity in industrial, scientific, literary, and artistic fields, granting the creator exclusive rights to their work.

Licensing

Permission to use another company’s trademarks, patents, copyrights, or expertise.

Wholly Owned Subsidiaries

Companies entirely owned by another company, allowing the parent company to have complete control over operations and decision-making.